A prevailing myth among those under thirty is that they are working to support seniors who live high on the hog of prosperity. A recent study revealed that 46% of seniors die with less than $10,000 in their possession. Most seniors on Social Security receive less than $2,000 a month, and if anyone tries living on that amount, they will feel the hunger pangs endured by so many seniors.
Oh, health costs rise and many seniors also pay for Medicare and supplemental policies. They pay for medicine. American society treats seniors with less than full support. Recent studies indicate that most seniors born after 1950 paid into the Social Security system about the same amount as they will receive during remaining years of life.